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SENATE DOCKET, NO. 1306 FILED ON: 1/16/2025
SENATE . . . . . . . . . . . . . . No. 2097
The Commonwealth of Massachusetts
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PRESENTED BY:
John C. Velis
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act ensuring transparency in research funding.
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PETITION OF:
NAME:DISTRICT/ADDRESS :John C. VelisHampden and Hampshire 1 of 1
SENATE DOCKET, NO. 1306 FILED ON: 1/16/2025
SENATE . . . . . . . . . . . . . . No. 2097
By Mr. Velis, a petition (accompanied by bill, Senate, No. 2097) of John C. Velis for legislation
relative to the taxation of manufacturing corporations or a research and development
corporations in the commonwealth. Revenue.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act ensuring transparency in research funding.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Section 42B of Chapter 63 of the General Laws is hereby amended by inserting after
2subsection (e) the following subsection:-
3 (f) A corporation under this section shall be required to:
4 (1) disclose the amount, type, and source of all current and pending research support
5received by, or expected to be received by, the corporation for all qualified exemption years;
6 (2) certify that the disclosure is current, accurate, and complete; and
7 (3) agree to update such disclosure at request at any time determined appropriate.